Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,923 shares of the ride-sharing company’s stock after selling 312 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Uber Technologies were worth $867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. International Assets Investment Management LLC boosted its position in shares of Uber Technologies by 23.4% in the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after purchasing an additional 2,225 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Uber Technologies in the 4th quarter valued at $48,000. Greenleaf Trust raised its position in Uber Technologies by 15.3% in the 4th quarter. Greenleaf Trust now owns 5,113 shares of the ride-sharing company’s stock valued at $315,000 after purchasing an additional 679 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in Uber Technologies during the 4th quarter worth $280,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Uber Technologies during the 4th quarter worth $284,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.4 %

Shares of UBER stock traded up $0.99 on Friday, hitting $74.30. The stock had a trading volume of 13,065,551 shares, compared to its average volume of 18,829,795. The stock’s 50 day moving average is $69.28 and its 200-day moving average is $71.39. The firm has a market capitalization of $155.25 billion, a price-to-earnings ratio of 119.79, a P/E/G ratio of 1.30 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the firm earned $0.18 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Tony West sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders sold a total of 617,234 shares of company stock worth $44,017,734 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Tuesday, July 30th. Melius Research initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Finally, Jefferies Financial Group lowered their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.50.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.